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Showing 1 - 10 of 15 results for "Reddit"

Australian Retirement Trust works to resolve ongoing outages

JAMIE WILLIAMSON  |  MONDAY, 4 NOV 2024
... ART said the issue was caused by a file error and there was no impact on the integrity of customer data. A commenter on Reddit wrote: "This is the equivalent of an employer saying their bank account is down and they don't know when they can pay your ...

Trend among young Aussies highlights need for affordable advice

ELIZA BAVIN  |  MONDAY, 29 JUL 2024
... social media, which ASIC has identified as a growing concern. "Most scams begin through interactions over platforms like Reddit, TikTok, and X (formerly Twitter). Young people's personal trust in social media advice, combined with an increased likelihood ...

Most traded US stocks revealed

ELIZA BAVIN  |  FRIDAY, 21 JUN 2024
... was an eventful month for a handful of shares dubbed 'meme stocks' due to their strong support base across online forum Reddit. The most well-known example, and the most-traded US share in the Selfwealth community last month, was GameStop (NYSE: GME). ...

Social media, news addiction cost returns: Morningstar

KARREN VERGARA  |  MONDAY, 17 JUN 2024
Investors addicted to the financial news cycle and social media hype tend to time the market and forego substantial returns compared to staying the course, according to Morningstar. The "hyper-informed" investor is one who incessantly checks stock prices ...

UniSuper battles major system outage

JAMIE WILLIAMSON  |  FRIDAY, 3 MAY 2024
... members, as you expect and deserve," and that members will be kept updated as to developments. Some members have taken to Reddit to vent their frustrations, with many saying the lack of transparency and delay in communication is unacceptable, causing ...

ACCC blitzes social media influencers

ANDREW MCKEAN  |  MONDAY, 30 JAN 2023
... earn less than $150,000 annually. The most popular platforms for investment research on social media were Facebook and Reddit. VanEck chief executive and managing director Arian Neiron said: "Our conclusion is that investors want to see finfluencers ...

Data shows WallStreetBets created losses

ELIZABETH MCARTHUR  |  THURSDAY, 13 JAN 2022
New data has found that in 2021 stocks recommended by Reddit's popular WallStreetBets (WSB) community resulted in more losses than returns. The data was compiled by European trading platform Capital.com, and suggests relying on advice in the WSB forum ...

Baby Boomers cashing in on meme stocks

ELIZABETH MCARTHUR  |  FRIDAY, 24 SEP 2021
... losing money. The analysis covered 11 "meme stocks" (stocks whose share prices skyrocketed due to social media hype on Reddit, Twitter and Facebook - not fundamentals). Based on an evenly weighted basket of the 11 stocks, investors over 40 would have ...

How will members respond to the YFYS test results?

KANIKA SOOD  |  WEDNESDAY, 1 SEP 2021
... can take the chatter on the social media platforms as a precursor to what is going to happen next, then if you look at Reddit or any of finfluencers' social media platforms, we see a lot of chatter about these annual performance tests. And especially ...

Investors lose in viral stock picks

ELIZABETH MCARTHUR  |  THURSDAY, 5 AUG 2021
According to new analysis, stock picks which became popular on Facebook, Reddit and Twitter were almost guaranteed to see investors lose money. OpenMarkets Group (OMG) looked at trending stocks across Facebook, Reddit and Twitter - particularly those ...
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